Sunday, March 1, 2015
China's central bank on Saturday announced that it will cut the benchmark deposit and loan interest rates by 25 basis points, as authorities seek to prop up flagging growth in the world's second-largest economy.
Friday, February 27, 2015
Chinese state-owned banks loaned US$22.1 billion to Latin American countries last year, helping to keep afloat struggling economies that have been hit hard by a fall in prices for oil, minerals and other commodities that they export, according to new numbers released Thursday by the U.S. think tank the Inter-American Dialogue.
Thursday, February 26, 2015
Chinese factory activity expanded in February, snapping two consecutive months of contraction, a closely watched private survey showed Wednesday in a bright spot amid a broad slowdown in the world's second-largest economy.
Monday, February 23, 2015
Freight shipping prices have plummeted to a historic low, fuelled by a long-standing problem of too many ships and lower demand from China, but experts cautioned against seeing it as a warning on the global economy.
Spanish five-star hotels are serving up white rice for breakfast as Spain offers quicker visas and seeks more direct flights from China to tap into the surging wave of Chinese tourists.
Saturday, February 21, 2015
An internal investigation over the World Bank's controversial handling of a US$1 billion loan from China to help poor countries has found no evidence of fraud, according to documents reviewed Thursday by AFP.
Tuesday, February 17, 2015
If China wants to become a moderately prosperous society, it will have to grow at a minimum of 6.5 percent a year economically during the next five-year plan from 2016 to 2020, a Chinese official has said.
Monday, February 16, 2015
A Nikkei report published Friday on its Chinese-language website said that a "soft landing" outcome for China's sweeping transformation to a consumer-driven economy will cause considerable ramifications across Asia.
As hundreds of millions in China flock home to celebrate the Year of the Goat, the world's biggest human migration places extraordinary pressure on roads and railways -- but technology is offering new ways to find a route home.1 Comment
Saturday, February 14, 2015
China's bank lending more than doubled to 1.47 trillion yuan (US$235 billion) in January from December, the central bank said Friday, with analysts citing seasonal factors and monetary easing.